Purchase of new inventory for movie retail shop
Samwel
Nogoi,kiserian, Kenya
7% repaid
Entrepreneur
Name
Samwel
Member since
December 2015
On-time repayments
52 installments • 81%
About Me
Thank you.
First while as a child born and brought up just like any other child in the rural community set up,i was taken to school where i grew up as a responsible child while helping my parents with their domestic activities like cultivation and fetching fire wood as well as water.when i finished primary school,i proceeded to secondary education and completed successfully.Troubles started when all of sisters and brothers became a burden to my parents.There was little resources and my parents were peasant with some times resulting to doing old jobs to make ends meet.This made hard for me to proceed to any technical training to get skills for employment.I wasted a lot of time waiting for any opportunity but all my effort proves futile.I decided to go to the nearby town to look for old jobs in order to be independent.Later after sometimes,i was called by my brother in Nairobi and promised to help me get something to do as a job.This didn't work.My brother operates a Movie Shop.I used to help him in his business until when became conversant with business.My brother helped me to start my own Movie shop and to today i am to have a good income generating business that i do in town while fully independent.What is unique about the land i stay is that community uphold and respect the contributions people make towards making a sustainable social and economic welfare.My children would like to be well educated and brought up in a better way possible as a responsible future citizens.
My hobbies are helping people realize their potential and how they can positively contribute to the society.
My Business
Well,as i have mentioned earlier,my business i selling all movies and series CDs & VCDs.I also sell memory cards and a few electronic accessories.These products are an all year on demand simply because they are for entertainment and comfort.Everyone would want to listen to new music,soothing Gospel songs and watch even the latest movie in the market.I remain most current in my movies and music CDs & VCDs.This puts my business and products on a all year on demand.I choose this business because i have a special interest in entertainment and i loved the job as well as making a good profit out of it.My typical cost are buying CDs & VCDs both music and movies/series to sell to my clients.I also incur cost of electricity and rent.I also buy memory cards and accessories for sale.Mostly my profit goes towards meeting my bills ,adding my stock of products and helping my parents back home.
Thank you.
Loan Proposal
I thank you great lenders for this opportunity to make me successful again.I have been doing good with the help of your funds.
In my next loan, i will once again varnished my business with the required items that will keep me on a profit gaining record at all the time.
I will also buy a Computer set at $75.00 and a Speaker at $49.00.
I will buy Movies CDs at $18.00,also on the list was Movie VCDs at a cost of $14.00.
Also on the list will be memory cards and the assorted ones at a cost of $27.00.
Again these are the fast moving products that will make me get an opportunity to repay your loan wit a good profit.
I will be able to pay my bills ,help my mother back home and give back to the society by contributing for children homes through our church funding.
My family will be so happy to get basic needs ,good health and better life.
On the other hand, my customers will be getting all that they needed at a one stop point.
The most important is that my profit will increase considerably to USD100.00 per week from the current USD80.00. This will be a big positive achievement in my life and that of those who depend on me.
In future, my business is even to add a Cyber to the movie job for maximum profit.This will be realized with time as i wait to grow
Thank you lenders and Zidisha for this platform.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$303.00
Date disbursed
Aug 15, 2016
Repayment status
Late
Projected term
64 months
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